The 10 Main Components of a Business Model

I learned how to write business models in graduate school. Although, it really felt more like writing long and complicated novels. I once spent three months working on one for a hypothetical home services referral website. I even conjured up crowd-sourced reviews for my would-be business. The process revealed a depressing plot twist.

In the time I worked on this detailed plan, I could have actually built a meaningful version of the product (with technical help, of course). This is why people...